1st Source
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
13.22
Price/Sales ratio
3.96
Earnings per Share (EPS)
$4.66

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
14.0914.0520.0018.8312.6914.4412.6310.4710.8710.8211.1114.44
Price/Sales ratio
3.433.234.464.503.364.083.123.683.693.722.564.08
Price/Book Value ratio
1.331.251.711.781.371.601.161.351.511.361.301.60
Price/Cash Flow ratio
10.017.9911.7810.937.248.066.657.447.467.196.998.06
Price/Free Cash Flow ratio
17.7121.8219.5819.478.708.616.787.577.567.437.328.61
Price/Earnings Growth ratio
1.80-31.0622.001.040.591.17-1.120.212.833.5210.330.59
Dividend Yield
2.15%2.24%1.67%1.59%2.45%2.18%2.89%2.52%2.44%2.44%2.38%2.18%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%88.30%100%
Operating Profit Margin
45.62%45.20%45.61%47.43%47.73%36.95%32.24%45.98%52.74%N/A23.63%36.95%
Pretax Profit Margin
35.44%35.44%34.46%35.64%33.77%36.97%32.25%45.99%44.19%44.49%29.85%36.97%
Net Profit Margin
24.37%23.00%22.34%23.93%26.50%28.29%24.69%35.20%33.97%34.37%23.04%28.29%
Effective Tax Rate
31.23%35.09%35.16%32.86%21.53%23.41%23.39%23.45%23.12%22.72%22.63%21.53%
Return on Assets
1.20%1.10%1.05%1.15%1.30%1.38%1.11%1.46%1.44%1.43%1.47%1.30%
Return On Equity
9.45%8.92%8.59%9.47%10.81%11.10%9.18%12.93%13.94%12.62%12.47%10.81%
Return on Capital Employed
2.30%2.22%2.20%2.29%2.39%1.82%1.45%1.91%2.26%N/A1.53%1.82%
Liquidity Ratios
Current Ratio
0.010.010.010.010.010.01N/AN/AN/AN/A16.280.01
Quick Ratio
35.5940.2233.74534.1158.3856.15257.99515.2332.220.7016.2856.15
Cash ratio
0.600.630.458.401.102.6410.4810.261.140.510.972.64
Days of Sales Outstanding
191.05189.70183.56199.50186.95N/AN/AN/AN/AN/A19.98N/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A19.98N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A19.98N/A
Debt Ratios
Debt Ratio
0.040.040.040.020.020.020.010.010.010.030.020.02
Debt Equity Ratio
0.360.330.380.160.170.160.140.120.180.340.180.17
Long-term Debt to Capitalization
0.150.150.160.130.140.110.110.100.090.070.080.11
Total Debt to Capitalization
0.260.250.280.140.140.140.120.110.150.250.150.14
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A2.85N/AN/AN/A0.92N/A
Cash Flow to Debt Ratio
0.360.460.370.981.111.191.211.451.080.551.021.19
Company Equity Multiplier
7.868.058.158.198.257.998.248.839.658.817.937.99
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.340.400.370.410.460.500.460.490.490.510.360.50
Free Cash Flow / Operating Cash Flow Ratio
0.560.360.600.560.830.930.980.980.980.960.950.83
Cash Flow Coverage Ratio
0.360.460.370.981.111.191.211.451.080.551.021.19
Short Term Coverage Ratio
0.760.980.7513.38N/A6.4721.8331.462.360.732.016.47
Dividend Payout Ratio
30.38%31.53%33.59%30.02%31.16%31.55%36.54%26.43%26.63%26.47%26.98%31.55%